that was bill clinton's point. that was the point i was making. >> well, with all due respect to bill clinton, i think he has -- he has something of a point, but we are now at a point in this nation's history when the 400 wealthiest individuals have more wealth and the bottom 150 million americans put together. i mean, let's face it. this is -- most of the people in the middle class have seen their incomes and their wealth go absolutely nowhere. in fact, most people's wealth was tied up in their houses and their houses dropped in value. >> but let me jump in on why there's such a republican orthodoxy about these tax issues. it's because, even if we raise taxes on the wealthy, there's no sense that that money will go to reduce the deficit. it will all get spent. that's the history soft washington, and certainly when you listen to the president's inaugural and when you listen to the president's state of the union, he's proposed spending it before he's even brought it in. so nothing is changing under president obama.